US containerized imports still outpacing pre-COVID levels

Where is the U.S. recession economists and pundits have been predicting for the past year? There’s no evidence of a recession yet in containerized imports, which continue to track — and remain slightly above — the pre-COVID “normal.” Descartes reported Monday that imports at all U.S. ports totaled 2,081,793 twenty-foot equivalent units in June, up…

Has ocean freight already peaked; fastener supply chains; and UPS contingency plans – WTT

On today’s episode of WHAT THE TRUCK?!? Dooner is talking about a surge of ocean imports to U.S. ports. Is it here to last or is the peak of peak season already here? With a UPS strike looming on the horizon, shippers need to scramble to secure contingency plans. Jay Silva, vice president of partnerships…

Want to become an owner-operator?

Owner-Operator Independent Drivers Association 1 OOIDA Drive, Grain Valley, MO 64029 Web Site: www.ooida.com Facebook: OOIDA Facebook Contact: press@ooida.com Headquarters: (816) 229-5791 For Immediate Release Want to become an owner-operator? You can “Truck to Success” with OOIDA’s online business series The Owner-Operator Independent Drivers Association has noticed that for a variety of reasons, many small…

Waiver gives Yellow breathing room but with strict requirements from lenders

Yellow Corp. bought more time as it fights for survival with a deal that waives certain covenants under its credit agreements. The agreement was effective retroactive to June 30 and filed with the Securities and Exchange Commission late Friday.  According to the 8-K filing with the SEC, the amended and restated credit agreement between the…